Euromoney Institutional Investor PLC provided revenue guidance for the fourth quarter and earnings guidance for the year ending September 30, 2016. Underlying revenues for the fourth quarter, which exclude the impact of currency movements and acquisitions and disposals, are expected to have declined by 5% from the same period last year, largely due to the group intentionally reducing the number of commodity events and training courses run. Reported revenues for the quarter are expected to show a 2% increase, largely as a result of more favourable exchange rates. Reported total revenues for the year to September 30, 2016 are expected to show a 1% decrease on last year, and an underlying decrease (after adjusting for a biennial event in the first half) of 4%. The group expects to announce an adjusted profit before tax of no less than £100 million for the year to September 30, 2016.